This paper firstly analysis the effect of higher education expansion policy on college graduates’ income from three aspects which are student quality, higher education quality and supply of college graduates, then uses the data of the Chinese household income program, establishes Diff in Diff model to test the effect of higher education expansion policy on college graduates income. The result show that the policy of high education expansion declines college graduates’ income about 12.9%, and bachelor's degree or above graduates decline more than junior college graduates, graduates in eastern area decline more than middle and western, and graduates in western area maybe increase. So we should improve the quality of higher education and guide the employment of college graduates to make high education expansion policy playing an active role on China economic and society development.%从大学生源质量、高等教育质量和大学毕业生供给三个方面分析了高校扩招对大学毕业生收入的影响,运用CHIP数据,采用倍差法实证检验扩招政策对大学毕业生收入的影响作用。结果表明:高校扩招导致大学毕业生收入下降约12.9%。
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